The Property Podcast

The Property Podcast is the podcast for all property investors, new or experienced. Rob Bence and Rob Dix discuss a different property topic and property news item every week, passing on their knowledge and experience to the listeners. They both invest in UK property so they practise what they preach. No hard sell, no bull, just straight-talking property investment advice!

(This is why it’s best to own prime assets. They grow first and further - because growth is a % of a larger number)

What’s happening now?

On average, 5% annual growth makes it one of the 5 slowest growing cities in the UK

Many of those who are selling are moving out of the capital. “Almost half the agents in London surveyed by LonRes say that 10 per cent or more of their vendor clients intend to quit the capital once they sell their property”

Rents are falling. “New tenants in the capital typically paying almost £100 a month less than their counterparts a year ago, according to Your Move”.

Transactions are very low, and at an all-time low in 3 boroughs.

What have we learned from the London property market?

Just because an area has performed best doesn’t mean it will continue to! This is why we’ve said to avoid London for the last few years - poor yields AND low growth

Prime assets are more volatile - both grow and fall first and fastest. You can either use this to your advantage or stay out of the way!

When you tax something you get less of it. SDLT has had a major effect on London transactions

Property isn’t immune to market forces. Rents and prices can’t grow ahead of incomes forever. Affordability in London is ridiculously stretched, so if it stagnates (real terms fall) and we see wage growth, affordability can come under control without a major correction

Want to take a further look at all the data? We got a lot of our information from the following links: